METHODOLOGICAL FEATURES OF RISK MANAGEMENT IN INTERNAL CONTROL SYSTEMS
METHODOLOGICAL FEATURES OF RISK MANAGEMENT IN INTERNAL CONTROL SYSTEMS

Summary/Abstract: Instruments for an alternative approach to risk management in internal controlsystems under evolutionary changes in an organization’s development are presented inthis paper. The functions and application of instruments for the identification andmeasurement of the threats to the organization are demonstrated in the first section ofthe paper. The role and application of nstruments to counteract the threats to theorganization are explained in the second section of the paper. The instruments proposedin the paper are illustrated with some results from the research project Theoreticalfundamentals of an internal standard of measurement and evaluation of threats toorganizations’, financed by the National Science Fund of the Bulgarian Ministry ofEducation and Science.

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